Latest update - 8 July 2021

The Board re-iterated its commitment to total capital returns of 235p per share in respect of the financial year ended 31 December 2020, at the release of Persimmon’s final results on 3 March 2021. The Group announced the acceleration and payment of the regular annual distribution for the year ended 31 December 2020 of 125p per share as an interim dividend, which was paid on 26 March 2021. In addition, the Group announced its intention to split the 110p per share surplus capital payment into two payments, one to be paid in August 2021 and the second in December 2021.

Given the Group’s ongoing strong performance and cash generation, the Board is pleased to announce today that it intends to return the 110p per share of surplus capital as a single additional interim dividend payment in relation to the financial year ended 31 December 2020. This payment will be made on 13 August 2021 to shareholders on the register on 23 July 2021, accelerating and consolidating the previously indicated payments, and returning the Group to distributing two capital return payments every 12 months, a year earlier than originally envisaged. There will be no further dividend payments in relation to the year ended 31 December 2020.

As indicated at the release of Persimmon’s final results on 3 March 2021 the Board intends to return to the pre-Covid profile of capital return payments in 2022, being distributions in relation to the financial year ending 31 December 2021. The payment of the regular annual distribution of capital of 125p per share will be paid in early July 2022 and any surplus capital in relation to the financial year ended 31 December 2021 will be paid in late March/early April 2022. The value of the surplus capital return, as always will be subject to continual assessment by the Board in line with the Group’s strategy.

The schedule of payments made or planned to be made under the Capital Return Programme is as follows:

^ Payment subject to continual review by the Board.

▲ Paid by a B/C Share Issue.

‡ Paid as an Interim Dividend.

Ω Paid as a Final Dividend.

* Covid-19 - dividend cancellation and postponement - due to the major social and economic disruption caused by the onset of the Covid-19 pandemic, after careful assessment of the capital needs of the business, the Board (i) cancelled the 125p per share interim dividend that was scheduled to be paid on 2 April 2020 and (ii) postponed the payment of the final dividend for the 2019 financial year of 110p per share that was scheduled to be paid on 6 July 2020. During the second half of 2020 the Board continued to assess the ability of the Company to make distributions to its shareholders. Reflecting the continued good progress made by the business, a dividend of 40p per share was paid on 14 September 2020 and a further dividend of 70p per share was paid on 14 December 2020. These two distributions fulfilled the payment of the final dividend of 110p per share for the year ended 31 December 2019 which had previously been postponed.

Record dates and payment dates for dividends paid, or to be paid, to shareholders: